The production function for good X exhibited in the table below is for the:
A) long run, since K is the fixed input.
B) short run, since L is the fixed input.
C) long run, since K is the variable input.
D) short run, since L is the variable input.

Question

The production function for good X exhibited in the table below is for the: 
A) long run, since K is the fixed input. 
B) short run, since L is the fixed input. 
C) long run, since K is the variable input. 
D) short run, since L is the variable input.

Quizplus · Accepted Answer

In the table, labor (L) is fixed while capital (K) varies, indicating that this is a short-run production function. The best choice is therefore B.

The Production Function for Good X Exhibited in the Table